Law:

Section:

Section 37(2) of the Income-tax Act, 1961 - Entertainment expenditure - Assessment year 1971-72 - Whether expenditure incurred by assessee on tea, coffee, lunch, etc., for its customers was not entertainment expenditure and did not fall under section 37(2) - Held, yes Facts For the assessment year 1971-72, the Tribunal held that the expenditure incurred by the assessee on tea, coffee, lunch, etc., for its customers was not entertainment expenditure and did not fall under the provisions of section 37(2). On reference by the revenue : Held In view of the decision in CIT v. Shah Nanji Nagsi [1979] 116 ITR 292 (Bom.) , the order of the Tribunal was to be upheld. Case referred to CIT v. Shah Nanji Nagsi [1979] 116 ITR 292 (Bom.). G.S. Jetley, S.V. Naik and K.C. Sidhwa for the Applicant. P.J. Pardiwala, Bhaishankar Kanga and Girdharilal for the…

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